Milwaukee-based Froedtert and Neenah, Wis.-based ThedaCare have finalized their merger agreement and will launch as a combined 18-hospital system Jan. 1.
Transactions & Valuation Issues
Pennsylvania health systems Jefferson and Lehigh Valley Health Network have signed a non-binding letter of intent to combine.
The Centurion Foundation's plan to buy CharterCare Health Partners from Los Angeles-based Prospect Medical Holdings, a 16-hospital system, is now being reviewed by the Rhode Island attorney general and state department of health.
Ontario, Calif.-based Prime Healthcare on Dec. 11 completed the $200 million sale of Alvarado Hospital Medical Center to UC San Diego Health.
Missouri and Kansas lawmakers are expressing concerns about a proposed partnership between University of Kansas Health System in Kansas City (Kan.) and Liberty (Mo.) Hospital, the Kansas Reflector reported Dec. 11.
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Illinois is gearing up to increase its oversight of proposed healthcare facility mergers and acquisitions.
As a $10 billion merger nears completion in Missouri, one of the state's rural health systems is donning its armor, according to a Dec. 4 interview on 93.9 The Eagle.
Elkins, W.Va.-based Davis Health, a three-hospital system, has officially joined Vandalia Health, local news outlet WBOY reported Dec. 4.
Three of the largest for-profit health systems entered into multiple transactions this year as part of strategic plans to bolster their hospital portfolios, offload certain facilities or explore ways to expand their reach.
Norfolk, Va.-based Sentara Health is the new sole owner of Velocity Urgent Care, marking the end of the health system's joint venture relationship for the 17-site company.